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Exam (elaborations)

Notary Signing Agent correctly answered to pass 2023

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Notary Signing Agent correctly answered to pass 2023HELOC - correct answer Home Equity Line of Credit Construction Loan - correct answer A short-term, interim loan for financing the cost of construction. The lender makes payments to the builder at periodic intervals as the work progresses or is converted to a mortgage. Reverse Mortgage - correct answer A loan based on the equity in a home that provides homeowners with tax-free income and is paid back with interest when the home is sold or the homeowner dies. No payment as long as the borrower lives in the home. Things not to mention to borrower due to Fair Housing Act - correct answer Gender Migratory status Religion Disability Culture Politics Questions to ask a contracting company if not provided automatically - correct answer How many pages need to be faxed back? Are there any special circumstances, such as more than 2 borrowers or multiple locations of borrowers? After hours contact info for contract company contact, closing agent, including names, phone numbers and email addresses Independent Contractor's Agreement if first time working with this company Things to keep on hand in case of unsolicited assignments - correct answer Copy of Drivers License Proof of Notary Commission Proof of E&O Insurance

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Notary Signing Agent
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Notary Signing Agent









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Institution
Notary Signing Agent
Course
Notary Signing Agent

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Uploaded on
June 15, 2023
Number of pages
10
Written in
2022/2023
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • interim loan for f

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